The luxury £11 million 3-bed London flat that just can't sell after 5 years
A luxury £11 million flat right around the corner from Buckingham Palace in Belgravia seems impossible to sell having languished on Rightmove for five years. Set inside a modern development on Montrose Place this extravagant 3,084 sq ft three-bed flat features a wine cellar, private terrace and even its own self-contained staff ensuite accommodation.
The listing shows that from the second floor of 10 Montrose Place, you can overlook the private landscaped internal courtyard from the 36ft south-facing reception room after parking up in one of the two private spaces. Greet the 24-hour concierge as you walk in from the securely accessed underground car park which is accessible via a lift right to your floor.
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It truly is the height of luxury with beautiful hardwood flooring through much of the flat as well as a marble finish in the kitchen. It leaves one begging the question, why has it not sold since it was listed in August 2019 - over five years ago?
Why hasn't it sold?
Well, one reason could be the eyewatering £11,795,000 price tag for the 100-year leasehold alone. Then on top of this, the service charge is £89,081 per year (£7,423 a month) - guess those concierges don't come cheap. On top of this, it is in the highest possible council tax band H.
In fact, it's not entirely alone as another £11 million three-bed flat which appears to be in the same building has also not been sold since November 2019 on Rightmove. Check out the listing here.
What else has it got to offer?
Despite the money needed to live here, there are still some pretty unique and amazing features to it. It has three large double bedrooms - the principal bedroom being 19'6 by 19'9 feet with a big separate dressing room and bathroom complete with a bath, shower, toilet, bidet and twin sinks. You can view all the photos here.
The second bedroom also has an ensuite bathroom with its own bath with two large built-in closets. The third bedroom sits in between the other two. All the bedrooms are quietly located in the rear of the apartment with views overlooking Halkin Street Garden.
The place also has its own wine cellar downstairs on the lower ground floor which is filled with spaces for fine wines. The staff studio flat is very rare - just one of four in the building. It is also on the lower ground floor and has its own cooking area and ensuite bathroom with a shower. It can also double up as a gym down there.
The Kitchen is also very large and has access to the southwest-facing terrace as well as huge south-facing windows of its own. It has marble floors and chic black kitchen units with a large kitchen island. There is also a dining area set up in the large drawing room where you can fit 10 people for extravagant dinner parties.
The flat is also airconditioned and has chic Lutron lighting. It has another bathroom not connected to any bedroom as well as a toilet.
The flat is situated just off Belgravia Square, an 8-minute walk from Hyde Park Corner. You can explore the internationally renowned shops, cafes and restaurants in nearby Knightsbridge and the local amenities of Motcomb Street are just a stone's throw away.
Check out the listing on Rightmove here.
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